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Mar 16, 2013 3:30pm PDT
conditions. they are calling on cyprus to increase corporate taxes and privatize state-owned firms. they're also demanding a tax on the bank deposits which would affect individual depositors. cyprus applied for financial aid last june. it said it needed the funds to bail out domestic banks that are being weighed down by the large amount of sovereign bonds they are holding issued by debt-ridden greece. >> the euro group consider that is in principle financial assistance to cyprus is warranted to safeguard financial stability in cyprus and the euro area as a whole. >> reporter: the chief of the eurozone's finance minister says cyprus must tax bank deposits given the fact that a size of its banking system surpasses the country's economy. >>> officials in venezuela decided not to embalm the body of the late president. hugo chavez died earlier this month after a long battle with cancer. the venezuelan government initially planned to have chavez's body embalmed for permanent display, but information minister ernesto villegas says the government has dropped the plan. he quoted russian experts a
Search Results 0 to 1 of about 2 (some duplicates have been removed)